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The ETFs actually do own the underlying securities and vote the shares. They typically have a mechanism for ETF owners to vote internally on how to vote externa
by mattmaroon 2y ago
The ETFs actually do own the underlying securities and vote the shares. They typically have a mechanism for ETF owners to vote internally on how to vote externally, but the vast majority of ETF owners ignore it so whatever the ETF recommends (which is often from a third party) almost always is what happens.